About your Search

20121222
20121230
Search Results 0 to 3 of about 4
the president and congress take action, tax rates will go up on every american taxpayer and devastating the defense cuts will go into effect in 10 days. >> reporter: his bill would have extended tax rates for households making a million dollars a year. the president put the threshold at $400,000. the white house and democrats here on capitol hill are frustrated that speaker boehner spent the last several days pushing plan b instead of focusing on a bigger compromise. >> nobody can get 100% of what they want and this is not simply a contest between parties in terms of who looks good and who doesn't. >> reporter: disagreements over how much to raise taxes and cut spending continue to separate democrats and republicans. >> what the president has proposed so far simply won't do anything to solve our spending problem. >> reporter: both sides insist they are still committed to stopping the big tax hike coming at the end of the year. tara mergener for cbs news, washington. >>> the failed efforts on the "fiscal cliff" sent the stock market sliding. the dow dropped more than 120 points. the nasd
threshold that would see tax increases. the president as we know wanted to see those tax increases for households making more than $250,000 while the speaker wants the increase to start at a million dollars. so they have a long way to go. i'm grace lee, cbs 5. >>> wall street isn't putting faith in washington. the dow lost 158 points today. its five-day losing streak is the longest since july. the nasdaq and s&p 500 also closed down. >>> police pulled over a bmw for speeding. but before the officer could walk up to write the ticket, the driver floored it and tried to get away. moments later, the bmw slammed into another car a few blocks away from bishop o'dowd high school. cbs 5 reporter da lin tells us an innocent person was killed because of another's recklessness. >> reporter: it started at 98th and bancroft. two chp officers patrolling the streets of oakland pulled over a bmw for speeding. the driver initially stopped but once the officers got out of their car, investigators say the bmw sped away. less than a mile away, the chp says the driver of the silver bmw m6 broadsided a
will track sack tax cuts and your forecast, coming up. >>> talk about news you can use if you're really last minute. unique gift items that can hide the fact they were bought on christmas eve. ,, trap -- to lure firefighter >>> a developing story out of new york. this home was set on fire and used as a trap to lure firefighters. police say a gunman set the fire and waited for help to arrive. he then started shooting. two firefighters were killed. two others survived. >> cbs reporter jennifer lewis hall is learning more about the firefighters and the man who killed them. >> reporter: firefighters rush to this early morning fire near new york and were met by bullets. police say the 62-year-old lit a home and car on fire so he could lure first responders to the scene and shoot them. two firefighters were killed in the ambush. two more were injured. with crews under attack the flames burned out of control jumping from home to home. >> i am not aware of anything like this in my 23 years. >> a s.w.a.t. team was called in and police say soon after that the gunman took his own life. crews put out th
leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached
Search Results 0 to 3 of about 4

Terms of Use (10 Mar 2001)